Report Reveals Modest Interest in Crypto Stocks as Fund Outflows Hit $240 Million
- Modest crypto outflows.
- Bitcoin leads withdrawals.
- Market down today.
In a global scenario marked by recent trade tensions, especially the tariffs announced by United States President Donald Trump, the cryptocurrency market has demonstrated remarkable resilience, despite registering modest outflows of digital asset funds last week, according to data revealed in the latest report by CoinShares. According to the survey, approximately $240 million has left crypto funds.
“Digital asset investment products saw outflows totaling $240 million last week, likely in response to recent news about U.S. trade tariffs posing a threat to economic growth,” CoinShares head of research James Butterfill noted.
Bitcoin, the market's leading cryptocurrency, led the withdrawals, with an outflow of US$207 million, according to data from CoinShares, reducing the year-to-date inflows to US$1,3 billion. However, even with this movement, the total assets under management in the cryptocurrency sector showed a slight increase of 0,8% in the week, reaching US$132,6 billion.
“Despite this, total assets under management remained remarkably stable at $132,6 billion, marking a 0,8% increase on the week. This resilience is especially notable compared to other asset classes, such as MSCI World equities, which saw an 8,5% decline over the same period, underscoring the robustness of digital assets amid economic uncertainty,” he added.
The dynamics of the cryptocurrency market over the past week reflected negotiations influenced by US trade tariffs, which generated a wave of liquidations in several digital assets. Bitcoin, for example, suffered a drop of more than 6% in its value during the period analyzed.
At the time of publication, the price of Bitcoin was quoted at US$77.079,10, down 6.7% in the last 24 hours.
The cryptocurrency market suffered a sharp drop on Monday morning, with the main assets, ETH, XRP, DOGE, SOL, ADA falling more than 10% in the last 24 hours.
Bitcoin Crash Today as Japan and Asia Stock Markets Open Lower
This Monday, the Cryptocurrency markets are down today , represented mainly by Bitcoin and Ether, faced a strong devaluation. Following the negative movement of the Asian stock markets, both cryptocurrencies extended their losses, a phenomenon that reflects the increase in trade tensions led by US President Donald Trump.
Peter Chung, Head of Research at Presto Research, commented on the current situation: “Amid growing caution over the pace and scope of the April 2 tariff implementations, a ‘Sell now, think later’ mentality has taken hold across risk assets, including bitcoin.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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